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Thursday, December 1, 2016

First Time Unemployment Claims "Jump" To Highest Level In Five Months -- December 1, 2016

First time unemployment claims:
  • "jump" to highest level in five months;
  • "rose more than expected" -- wow, haven't we heard that before (and before and before and before); but,
  • the underlying trend remained consistent with a strengthening labor market (the robotic reporter "said")
The numbers:
  • increased 17,000 to seasonally adjusted 268,000
  • forecast: rising to 253,000 -- so only off by about 15,000
  • but still below the 300,000 threshold -- longest run since 1970
  • four-week moving average edged up 500 to 251,000

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